Sluggish quarter for Oil Search

OIL Search has reported a listless quarter, with total production, sales and revenue all down due to weaker global oil prices, and the strong PNG LNG production being hampered by the mooring buoy damage in August, September.

Sluggish quarter for Oil Search Sluggish quarter for Oil Search Sluggish quarter for Oil Search Sluggish quarter for Oil Search Sluggish quarter for Oil Search

Production, sales, revenue all down

 
Total production came in at 6.81 million barrels of oil, down 1% from 6.88MMboe from the previous quarter and down 10% from the same period last year. 
 
Total sales were 6.